Infrastructure stocks may bounce: Sangeeta Purushottam

Infrastructure stocks may bounce because they have got beaten down so much, says Sangeeta Purushottam, Market Analyst.

Purushottam told CNBC-TV18, "I think in infrastructure there is a clear possibility of a bounce mainly because the stocks have got beaten down so much. So I think they are at a stage where any positive news could lead to a reasonable bounce from where we are and that will have to be announcements relating to implementation and more the order flow improving." She further added, "I think it is going to be very dependent on how execution starts to happen from here. So that will be the first stage of the recovery of the sector and if that momentum picks up then I think interest will come back to infrastructure but it is going to wait for things to happen."